The Rise in ATO Debt Recovery Activity, the Issue of Director Penalty Notices, and Prevention Strategies for Business Leaders against Personal Liability

In our September episode of the Building Your Business podcast, Chris Lewis hosts Matthew Joiner - Partner, Cor Cordis and Ian Walker (Executive Chairman) as they discuss the Australian Tax Offices' (ATO) recent focus on director obligations and debt recovery activity, the Director Penalty Scheme, and the increased issue of Director Penalty Notices. Throughout the discussion, Matthew and Ian provide their expertise across the changes to the Penalty Scheme, why Director Penalty Notices have been formulated, the ATO's approach to these, and what options business leaders have in management and prevention strategies against a Penalty Notice and personal liability. Furthermore, in speaking to the latest business sentiments and market conditions, each highlight the industries on the radar and what future actions may be forthcoming. _________________________________________________________________________________________________________________________________________________ For more information on this matter or anything else covered throughout our Building Your Business series, please contact the Archer Gowland Redshaw team on (07) 3002 2699 or via [email protected].